TTEC Holdings (TTEC Holdings) Days Payable

: 18.23 (As of Dec. 2023)

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TTEC Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $101 Mil. TTEC Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $506 Mil. Hence, TTEC Holdings's Days Payable for the three months ended in Dec. 2023 was 18.23.

The historical rank and industry rank for TTEC Holdings's Days Payable or its related term are showing as below:

TTEC' s Days Payable Range Over the Past 10 Years
Min: 13.92 Med: 15.98 Max: 18.19
Current: 17.74

During the past 13 years, TTEC Holdings's highest Days Payable was 18.19. The lowest was 13.92. And the median was 15.98.

TTEC's Days Payable is ranked worse than
82.67% of 2522 companies
in the Software industry
Industry Median: 51.51 vs TTEC: 17.74

TTEC Holdings's Days Payable increased from Dec. 2022 (17.72) to Dec. 2023 (18.23). It may suggest that TTEC Holdings delayed paying its suppliers.

TTEC Holdings Days Payable Historical Data

The historical data trend for TTEC Holdings's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

TTEC Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

18.19

16.47

14.68

16.16

17.99

TTEC Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																17.72	17.32	17.05	18.06	18.23

Competitive Comparison

For the Information Technology Services subindustry, TTEC Holdings's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

TTEC Holdings Days Payable Distribution

For the Software industry and Technology sector, TTEC Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where TTEC Holdings's Days Payable falls into.

TTEC Holdings Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

TTEC Holdings's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (93.937	+	96.577)	/	2 )	/	1932.877	*	365
=	95.257					/	1932.877	*	365
=	17.99

TTEC Holdings's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (105.519	+	96.577)	/	2 )	/	505.813	*	365 / 4
=	101.048					/	505.813	*	365 / 4
=	18.23

TTEC Holdings Days Payable Related Terms

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TTEC Holdings (TTEC Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TTEC Holdings Inc (NAS:TTEC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TH1:Germany TH1:Germany

Address

9197 South Peoria Street, Englewood, CO, USA, 80112

Website

https://www.ttec.com

TTEC Holdings Inc provides customer engagement management tools and services. The company operates through four operating segments that are organized into two groups, TTEC Digital and TTEC Engage. TTEC Digital is engaged in building and implementing cloud-based and on-premises customer experience tools that enable clients to develop customer engagement strategies. TTEC Engage focuses on delivering sales and marketing solutions to help clients boost their revenue as well as on managing customer's front-to-back office processes to optimize the customer experience. TTEC Engage contributes the vast majority of the company's revenue, and most of the sales are derived from the United States and Canada, followed by Philippines, Asia-Pacific and India.

Executives

Marc Holtzman	director	600 SEVENTEENTH STREET, SUITE 2800, DENVER CO 80202
Francois Bourret	officer: Interim CFO	9197 S. PEORIA ST., ENGLEWOOD CO 80112
David J. Seybold	officer: CEO, TTEC Digital	9197 S. PEORIA ST., ENGLEWOOD CO 80112
Michelle R Swanback	officer: CEO, TTEC Engage	7001 EAST BELLEVIEW AVENUE, DENVER CO 80237
Gregory A Conley	director	9197 S. PEORIA ST., ENGLEWOOD CO 80112
Margaret B Mclean	officer: SVP, GC, CRO & Corp. Sec.	9191 SOUTH JAMAICA STREET, ENGLEWOOD CO 80112
Dustin J. Semach	officer: Chief Financial Officer	1 FANATICAL PLACE, CITY OF WINDCREST, SAN ANTONIO TX 78218
Kenneth D Tuchman	director, 10 percent owner, officer: CEO & Chairman of the Board	C/O MARGARET MCLEAN, TTEC HOLDINGS INC, 9197 SOUTH PEORIA STREET, ENGLEWOOD CO 80112
Robert N Frerichs	director	C/O TTEC HOLDINGS, INC., 9197 S. PEORIA ST., ENGLEWOOD CO 80112
Gina Loften	director	9197 S. PEORIA ST., ENGLEWOOD CO 80112
George Demou	officer: President, TTEC Digital	9197 S. PEORIA ST., ENGLEWOOD CO 80112
Richard Sean Erickson	officer: SVP, Global Head-TTEC Engage	9197 S. PEORIA ST., ENGLEWOOD CO 80112
Judi Hand	officer: EVP, Chief Sales Officer	9197 S. PEORIA STREET, ENGLEWOOD CO 80112
Martin F Deghetto	officer: EVP, Global Operations	9197 SOUTH PEORIA STREET, ENGLEWOOD CO 80112
Tracy L Bahl	director